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India’s foreign exchange reserves rose by a sharp $8.053 billion to touch a new all-time high of $709.413 billion in the week ended January 23, extending the recent rebound after months of pressure from rupee volatility, according to data released by the Reserve Bank of India.The latest rise follows a jump of $14.167 billion in…
With India’s foreign exchange reserves rebounding sharply during the week, the country’s overall forex buffer rose by $14.167 billion to $701.36 billion in the week ended January 16, RBI data showed on Friday.The increase follows a relatively modest rise of $392 million in the previous week, when total reserves had edged up to $687.193 billion.While…
The Madras High Court began its hearing on the ‘Jana Nayagan’ censorship controversy, focusing on whether the Central Board of Film Certification (CBFC) followed the statutory procedure while issuing and later withdrawing certification for the film. The case hinges on a key issue: whether the board’s communication on January 5, stating that the film was…
MUMBAI: RBI’s forex reserves rose $392 million in the week ended Jan 9, lifted by a $1.6 billion jump in gold value that offset a $1.1 billion fall in foreign currency assets. Total reserves climbed to $687.2 billion, reversing part of the previous week’s $9.8 billion decline, RBI data released Friday showed.Foreign currency assets, the…
India’s foreign exchange reserves rose by $392 million to $687.19 billion in the week ended January 9, data released by the Reserve Bank of India (RBI) showed on Friday, PTI reported.The increase comes after a sharp decline in the previous reporting week, when the overall reserves had fallen by $9.809 billion to $686.80 billion.According to…
India’s foreign exchange reserves recorded their biggest weekly drop in 14 months as the central bank sold dollars to support a weakening rupee, analysts said.The holdings in the week ended Jan 2 fell by $9.9 billion to $552 billion. During the week, the rupee fell 0.4% against the dollar due to foreign fund outflows and…
NEW DELHI: New Delhi: Supreme Court on Thursday reserved its verdict on a plea of Allahabad HC judge Yashwant Varma challenging the Lok Sabha speaker’s decision to form an inquiry committee as per Judges (Inquiry) Act, 1968, in the impeachment motion moved against him. A bench of Justices Dipankar Datta and S C Sharma reserved…
NEW DELHI: The Supreme Court on Thursday reserved its decision on a plea filed by Allahabad high court judge Justice Yashwant Varma, challenging the validity of a parliamentary committee probing corruption charges against him. The case relates to the recovery of a large sum of cash from his official residence last year.The apex body has…
India is watching developments in Venezuela with a mix of caution and concern as geopolitical churn around the oil-rich nation raises questions about global supply, price volatility and long-term energy security.Driving the newsPresident Donald Trump said on Saturday that the United States would take temporary control of Venezuela and tap its vast oil reserves for…
After a dramatic capture of Venezuelan President Nicolas Maduro by American forces, US President Donald Trump said that he wants to tap its oil infrastructure. The bigger question, however, is whether such a move would yield any quick results.According to analysts, even if US oil giants invest billions of dollars in Venezuela’s massive oil reserves,…
